Allowable Expense : Tax
This query is : Resolved
07 February 2011
Whether VAT, Service Tax or Excise paid is allowed to be claimed as an expense?
If yes, then on receipt basis or accrual basis?
If yes, then on receipt basis or accrual basis?
08 February 2011
You can claim VAT,ST and Excise (Tax and Duties) as an expense. It is on accrual Basis.
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